The American Veterinary Imaging Market is Projected To Grow at A CAGR of 6.8% – Axiom MRC.

Oct 11, 2016: A latest report added by Axiom MRC on American Veterinary imaging market. The market is estimated to grow at a compound annual growth rate of 6.8% from 2016 to 2021. The report include detailed analysis of regional drivers, restraints, market trends and competitive landscape.

The American veterinary imaging market is segmented on as, product type, therapeutic area, type of animals and by country. The product segment further segmented such as, veterinary imaging instruments, veterinary PACS (picture archiving and communication system), veterinary imaging services and veterinary imaging reagents. The major therapeutic areas in which veterinary imaging is used is in cardiology, cancer/ oncology, orthopedics & traumatology, neurology, and other therapeutic applications. Moreover the report include animals types such as, small companion animals (canine, feline and others), large animals (bovine, equine and others) and others. Lastly the American market for veterinary imaging is further studied for the U.S., Canada, Brazil, Mexico and rest of the countries in Americas.

American region held the highest market share in the veterinary imaging market in 2015. Increasing disposable income at the hands of people, and growing animal care trend is spurring the demand for veterinary services in the region. This in turn is increasing the market for veterinary imaging for better diagnosis of animal diseases. In the American region, the U.S. dominated the veterinary imaging market with a market share of 2015. The market dominance is mainly due to well established animal healthcare industry in U.S. with the presence of leading market players. Also, the increasing animal care and occurrence of chronic diseases in small animals is demanding more veterinary imaging devices to conduct multiple tests for accurate diagnosis. In Latin America, Brazil dominated the market with the highest market share in 2015 due to increasing healthcare infrastructure and demand for better healthcare facilities.